News, Policy & Issues
The oil and natural gas industry shares a keen interest in the policy issues arena. As demand for energy to keep our homes, vehicles, and businesses running continues to increase, so does our advancement in technology, allowing us to provide safe, reliable, and affordable energy. While serious challenges face our nation on a variety of fronts, oil and natural gas industry representatives remain actively engaged with government leaders to ensure informed decision making so the energy needs of tomorrow are met.
American Made Energy is our vision for the future. We can achieve this vision by unleashing the full benefit of developing U.S. oil and natural gas resources. But this will only happen if new policies are implemented to ensure effective regulation, if we proceed with vital infrastructure projects like the Keystone XL pipeline, and improve and accelerate the leasing and permitting process.
The oil and natural gas industry is the backbone of the American economy. What happens in the industry is felt throughout the entire economy. The oil and natural gas industry not only provides most of the energy that heats our homes, powers our factories and offices, and gets Americans to school and work, it also supports 9.2 million American jobs and supports more than $1 trillion of economic activity.
Our members recognize their responsibility to work with the public, the government, and others to develop and to use natural resources in an environmentally sound manner while protecting the health and safety of our employees and the public. Industry practice has changed a lot in the past 50 years, even the past 10 years. Advancements in technology allow us to conduct many aspects of our operations far more efficiently than just a few years ago. This efficiency translates to smaller "footprints" (the amount of surface area disturbed), less waste generated, cleaner and safer operations, and greater compatibility with the environment.
Access to oil and natural gas resources is critical to supplying the energy needs of American consumers, business and homeowners.
The oil and natural gas industry is dedicated meeting the energy challenges of the 21st century and ensuring that the transportation fuel needs of U.S. consumers are addressed in the decades ahead. Also, the oil and natural gas industry is the nation’s largest user of ethanol and is increasing the volume of renewable fuels in America's transportation fuel portfolio.
API helps the oil and natural gas industry gain a better understanding of the environmental conditions in and around the Gulf of Mexico during hurricane or tropical storm activity and then aids it to use that knowledge to make offshore and onshore facilities less vulnerable. API also collaborates with member companies, other industries and with federal, state and local governments to prepare for hurricanes and return operations as quickly and as safely as possible.
Hydraulic fracturing and horizontal drilling are safely unlocking vast U.S. reserves of oil and natural gas found in shale and other tight-rock formations. Developing energy from shale is an advanced process that uses the latest drilling technologies and equipment.
The United States and Canada enjoy the largest trading partnership across the longest peaceful border in the world. Getting more U.S. energy from a friendly North American neighbor would reduce U.S. reliance on energy resources from less stable regions, create American jobs, while enhancing domestic energy and national security.
See API letters and comments regarding government regulations and policies that impact the oil and natural gas industry.
The U.S. has abundant supplies of natural gas. Industry advancements in hydraulic fracturing and horizontal drilling have led to a dramatic increase in the estimated recoverable shale gas resources located in the United States. Natural gas can be safely exported through LNG. Exporting natural gas through LNG has significant benefits for the U.S.
See the American Petroleum Institute’s news releases, infographics, and Media Department contact list.
The importance of Canada’s oil sands stems from the value of oil to our economy and energy security. Global demand for energy continues to rise, and oil sands have the potential to supply much of what we will need in the U.S., while also creating many new American jobs. Advanced technologies developed over many years are used to produce oil from oil sands.
National Ambient Air Quality Standards (NAAQS) are air quality standards established by the U.S. Environmental Protection Agency (EPA) under the Clean Air Act.
America's oil and natural gas industry considers safety its top priority and is committed to developing the technologies, standards and best practices, and programs needed to help ensure that workplace safety is at the forefront of our activities.
API member companies have historically supported and continue to support payment transparency. Several API member companies are founding members of the Extractive Industries Transparency Initiative and engage in transparency initiatives in many countries.
America runs on energy. Every moment of every day, energy is required for Americans to maintain their daily lives, and the majority of that energy is supplied by oil and natural gas. Oil and natural gas are integral to all aspects of the U.S. economy—and America’s economic recovery—as the success of any modern economy is dependent on reliable and affordable energy. Over the last 100 years, and well into the foreseeable future, oil and natural gas have and will continue to provide the energy America needs to succeed.
America's oil and natural gas industry supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.. Our industry provides higher-than-average wages and helps ensure our nation’s energy security. In the process, the industry generates tax revenues from operations and sales of products that contribute billions every year to federal, state and local governments.
See notable testimony by API spokespersons on energy issues.
The American people want an energy policy to develop our domestic oil and natural gas resources in an environmentally responsible way to power our nation's economy, create jobs, and enhance our nation’s energy security. See the top policy issues that impact the oil and natural gas industry and the American economy.
API supports free trade and the abolition of trade and investment restrictions on oil and natural gas goods and services and the liberalization of all trade in oil and natural gas. We support principles that achieve the objective of increasing trade in oil and natural gas, as well as principles that help to underpin investments in finding, developing, producing and transporting hydrocarbon resources.
Consumers are among the first to benefit from free trade, and crude oil is no exception. Gasoline costs are tied to a global market; additional crude oil exports could help increase supplies, put downward pressure on the prices at the pump and create more jobs right here at home.